More than 100 million consumers access SmartAsset’s personal finance content, tools, and other resources each month. “The company helps millions of people make better financial decisions while simultaneously enabling advisors to grow their business.”Īlso participating in the round were Javelin Venture Partners, Contour, Citi Ventures, New York Life Ventures, North Bridge Venture Partners, and CMFG Ventures. by providing an incredibly valuable resource for both consumers and financial advisors alike,” TTV Capital Partner Mark Johnson said.
“SmartAsset is quickly expanding its lead in one of the largest markets in the U.S. With 202 full-time employees currently on board, SmartAsset is seeking to expand its workforce by more than 75% this year. The company also pointed to the growth it has experienced since its last major funding in 2018 – growing revenues by 10x and nearing $100 million in annual recurring revenue – to support its goal of “aggressively” adding to its workforce. “With this additional capital we are going to make further investments in building the web’s best personal finance resource and enhancing our ability to connect consumers to financial advisors across the U.S.” Specifically, SmartAsset noted in its funding announcement that it will invest in new product offerings, technology infrastructure, and data partnerships. “Our mission is to help people get better financial advice,” SmartAsset founder and CEO Michael Carvin said.
#NEW YORKBASED SMARTASSET TTV CAPITAL 1B SERIES#
The company secured a $110 million investment in a Series D round led by TTV Capital that takes SmartAsset’s valuation to more than $1 billion. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.SmartAsset, a fintech that helps individuals connect with qualified financial advisors and improve their overall financial health, announced a major fundraising this week. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Cookieįacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.Ī cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. These cookies track visitors across websites and collect information to provide customized ads. Read more Related FundsĪdvertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Among the various public portfolio startups of the fund, we may underline MX Technologies, SmartAsset, IP Commerce Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. The fund has no exact preference in some founders of portfolio startups. Among the most popular fund investment industries, there are Finance, E-Commerce. The overall number of key employees were 5.įor fund there is a match between the location of its establishment and the land of its numerous investments - United States. This organization was formed by Gardiner Garrard, W. The higher amount of exits for fund were in 2018. Comparing to the other companies, this TTV Capital performs on 12 percentage points less the average number of lead investments. Despite it in 2019 the fund had an activity.
The fund is constantly included in 2-6 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars. In the next rounds fund is usually obtained by PROOF.VC, Tribeca Venture Partners, Silicon Valley Bank.Ĭonsidering the real fund results, this VC is 8 percentage points more often commits exit comparing to other organizations. The meaningful sponsors for the fund in investment in the same round are Tribeca Venture Partners, TechOperators, TechSquare Labs. Despite the TTV Capital, startups are often financed by Tribeca Venture Partners, DCM Ventures, August Capital. The usual cause for the fund is to invest in rounds with 4-5 partakers. The venture was found in North America in United States. The main department of described VC is located in the Atlanta. In 2000 was created TTV Capital, which is appeared as VC.
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